220112 Resource 119247 120646 120646 1228847264026 1228847264026 Controlled Canadian Dollar in Forex Trading

Loonie falls on interest rate cut

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Over the past three days, the Canadian dollar has been enjoying a rally in forex trading. Slightly recovering oil prices, and yesterday's stock market rally, have helped the loonie in currency trading. </span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">However, that appears to be over for now. Oil prices are falling again, and stocks are retreating. On top of that, the Canadian dollar is not receiving any help from the central bank.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=avcKcAXeH4HU&refer=currency" target="_blank" title="Canadian dollar forex trading, forex trading, currency trading, interest rates, loonie currency trading, economy, recession, global recession, oil prices">Canadian central bank cut interest rates by 75 basis points</a> (to put them at 1.5%), and that is an indicator that the Canadian economy is probably slowing significantly. With the rest of the world in recession, it is only a matter of time until the loonie heads down further in currency trading.</span></font><br /> 9 application/xml false Canadian dollar forex trading currency trading economy forex trading global recession interest rates loonie currency trading oil prices recession Forex trading with world currencies http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119247 blog blogsite/GFTForex/web